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U.S. Presidents
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William McKinley
The foreign policies of President William McKinley (1897-1901) laid the groundwork for America's role as a world power.
In 1896 the Republican nominee for president was Representative William McKinley of Ohio, a "sound money" man and a strong supporter of high tariffs. His running mate was Garret A. Hobart of New Jersey. The party's platform stressed adherence to the gold standard; western delegates bolted, forming the Silver Republican party.
The Democratic party platform was critical of President Grover Cleveland and endorsed the coinage of silver at a ratio of sixteen to one. William Jennings Bryan, a former congressman from Nebraska, spoke at the convention in support of the platform, proclaiming, "You shall not crucify mankind on a cross of gold." The enthusiastic response of the convention to Bryan's Cross of Gold speech secured his hold on the presidential nomination. His running mate was Arthur Sewall of Maine.
The Populists supported Bryan but nominated Thomas Watson of Georgia for vice president. Silver Republicans supported the Democratic nominee, and the newly formed Gold Democrats nominated John M. Palmer of Illinois for president and Simon B. Buckner of Kentucky for vice president.
Bryan toured the country, stressing his support for silver coinage as a solution for economically disadvantaged American farmers and calling for a relaxation of credit and regulation of the railroads. McKinley remained at home and underscored the Republican commitment to the gold standard and protectionism. The Republican campaign, heavily financed by corporate interests, successfully portrayed Bryan and the Populists as radicals.
William McKinley won, receiving 7,102,246 popular votes to Bryan's 6,502,925. The electoral college votes were 271 to 176. Bryan did not carry any northern industrial states, and the agricultural states of Iowa, Minnesota, and North Dakota also went Republican.
The Reader's Companion to American History. Eric Foner and John A. Garraty, Editors. Copyright © 1991 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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